Soybeans posted 3 to 8 ¾ cent losses across the board on Monday following slightly higher trade at midday. CmdtyView’s national front month Cash Bean price was down 9 3/4 cents at $9.95 ¾. Soymeal was mixed on the day, with October up 60 cents/ton and other contracts down $2.30...

Corn futures closed out the Monday session with nearby contracts up 5 to 6 ¾ cents, and deferred contracts down a penny to 2 ¼ cents higher. The national average Cash Corn price from cmdtyView was up 5 cents at $3.90 3/4 per bu. This morning’s Grain Stocks report showed...

The Next Couple of Weeks Could Bring Large Price Swings

Last week's higher cash trade on Friday surprised many traders with mostly $1-2 higher in the south and $2-3 higher in the north.  It was on light volume and given the increase in weights and boxes below $300, I think the cash trade needs follow through this week to give any confirmation of a breakout higher.

Beans Dip Slightly

Crop Progress - 2024-09-30

Looking at the market developments I am watching this week that are likely to have the greatest influence on price.

Soybeans are showing just slightly mixed trade at Monday’s midday. CmdtyView’s national front month Cash Bean price was down 3 cents at $10.01. Soymeal is up $2/ton so far on the day. Soy Oil futures are trading 80 points higher. USDA reported a private export sale of 116,000 MT of...

Wheat futures are showing slightly higher trade so far on Monday, the three exchanges pushing higher. Chicago SRW futures are up 5 cents in the nearbys. KC HRW contracts are up 6 to 7 cents at midday. MPLS spring wheat is up 11 to 12 cents in the front months...

Corn futures are posting 4 to 6 ½ cent gains so far on the Monday session, following a bull friendly USDA release. The national average Cash Corn price from cmdtyView is up 4 cents at $3.89 per bu. This morning’s Grain Stocks report showed a surprising 1.76 billion bushels of...

Once again, the majority of the Grains industry seemed to forget what it learned in Econ 101.

Grain Stocks - 2024-09-30